Deep Tide TechFlow News, on May 12, according to Jinshi Data reports, Goldman Sachs economists pointed out in a report that their fundamental assessment of the US economy still supports the core view that 'short-term US Treasury yields will decline and the yield curve will eventually steepen.' However, if there is a lack of conclusive economic data to support the Fed's interest rate cut expectations, the market's pricing for rate cuts may continue to weaken in the short term.

If, under the current high inflation and with economic data not deteriorating enough to prompt the Fed to cut rates, the market's confidence in the space for rate cuts gradually fades, then with the continued accumulation of government debt, the term premium may face greater upward pressure, thereby pushing yields higher.